Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
950
¥ million (full-year operating profit forecast revision)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥26,796 million+10.1%
Operating profit¥1,760 million+60.6%
Ordinary income¥1,856 million+54.2%
Net income¥1,570 million+100.0%
Operating profit margin5.8% for the quarter alone; the standalone operating margin for the year-on-year comparison is not explicitly shown in the presentation's graph
Results for the three months of the current quarterConsolidated revenue of ¥13,448 million and an operating margin on revenue of 5.8%
Full-year earnings forecast
Net Sales
¥54,500 million
Operating profit
¥3,650 million
Ordinary income
¥3,850 million
Profit attributable to owners of the parent
¥3,300 million
ROE
10.2 ％
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and profit exceeded the forecasts, while initiatives for structural reform are progressing as planned at the beginning of the fiscal yearBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Sales price revisions2,289
Sales volume111
Subsidiary107
Consolidation adjustments-48
Operating profit
Selling Prices2,289
Higher raw-material prices-1,223
Terms of trade1,066
Inventories67
Subsidiaries and consolidation adjustments66
Sales volume12
Increase in variable costs-276
Increase in fixed costs-272
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Higher raw material prices, higher imported raw material costs due to foreign exchange movements (yen depreciation), inflation, higher utilities and logistics costs, increased personnel expenses, and higher equipment maintenance costs, among others. Numerical assumptions: not disclosedNew initiatives
- Streamlining of low-profit contract-manufactured chemical products
- Shift toward higher-value-added products
- Rebuilding the production system
- Strengthening of equipment maintenance
- Human Capital Investment
- Share repurchases and a dividend increase
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio56.9 ％Year on year against the same period last yearDown from 59.4% at the end of the previous fiscal year
- Free CF¥-846 millionYear on year against the same period last yearDown ¥1,250 million year on year
- Ink business segment profit margin5.5 ％Year on year against the same period last year-0.1 percentage points
- Chemicals business segment profit margin5.5 ％Year on year against the same period last year+1.8 percentage points
- Processed products business segment profit margin13.3 ％Year on year against the same period last year+8.0 percentage points
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The disclosed factors behind the change in revenue were sales price revisions of +¥2,289 million and sales volume of +¥111 millionSegment results
Ink Business
Net Sales
¥9,758 million
Year-on-Year Change in Revenue (%)9.3
Segment profit
¥533 million
Profit year-on-year change_pct7.6
Chemical Products Business
Net Sales
¥12,740 million
Year-on-Year Change in Revenue (%)9.1
Segment profit
¥704 million
Profit year-on-year change_pct63.1
Processed Products Business
Net Sales
¥4,252 million
Year-on-Year Change in Revenue (%)15.3
Segment profit
¥566 million
Profit year-on-year change_pct190.8
Real Estate Leasing Business
Net Sales
¥45 million
Year-on-Year Change in Revenue (%)0
Segment profit
¥26 million
Profit year-on-year change_pct5.5
Financial targets
Full-year ROE forecast of 10.2% and actual equity ratio of 56.9%Market Size / Share
Market size and market share figures were not disclosedAnnual Dividend
¥115 per share
Interim¥55
End of period¥60
Payout ratio
Dividend payout ratio of at least 40% or DOE of at least 1.0%; total payout ratio expected to be approximately 80%Acquisition of treasury shares
Total amount of ¥1.2 billion; acquisitions are ongoing. Acquisitions totaled ¥480 million as of the end of October 2026. Number of shares and acquisition period: not disclosed| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥26,796 million (YoY +10.1%) |
| Operating profit | ¥1,760 million (YoY +60.6%) |
| Ordinary income | ¥1,856 million (YoY +54.2%) |
| Net income | ¥1,570 million (YoY +100.0%) |
| Operating profit margin | 5.8% for the quarter alone; the standalone operating margin for the year-on-year comparison is not explicitly shown in the presentation's graph |
| Results for the three months of the current quarter | Consolidated revenue of ¥13,448 million and an operating margin on revenue of 5.8% |
| Full-year earnings forecast | Net Sales ¥54,500 million / Operating profit ¥3,650 million / Ordinary income ¥3,850 million / Profit attributable to owners of the parent ¥3,300 million / ROE 10.2 ％ |
| Self-assessment against the plan | Revenue and profit exceeded the forecasts, while initiatives for structural reform are progressing as planned at the beginning of the fiscal year |
| Segment results | Ink Business Net Sales ¥9,758 million / Year-on-Year Change in Revenue (%) 9.3 / Segment profit ¥533 million / Profit year-on-year change_pct 7.6 / Chemical Products Business Net Sales ¥12,740 million / Year-on-Year Change in Revenue (%) 9.1 / Segment profit ¥704 million / Profit year-on-year change_pct 63.1 / Processed Products Business Net Sales ¥4,252 million / Year-on-Year Change in Revenue (%) 15.3 / Segment profit ¥566 million / Profit year-on-year change_pct 190.8 / Real Estate Leasing Business Net Sales ¥45 million / Year-on-Year Change in Revenue (%) 0 / Segment profit ¥26 million / Profit year-on-year change_pct 5.5 |
| Breakdown of Factors Affecting the Change | Net Sales Sales price revisions 2,289 / Sales volume 111 / Subsidiary 107 / Consolidation adjustments -48 / Operating profit Selling Prices 2,289 / Higher raw-material prices -1,223 / Terms of trade 1,066 / Inventories 67 / Subsidiaries and consolidation adjustments 66 / Sales volume 12 / Increase in variable costs -276 / Increase in fixed costs -272 |
| Key KPIs | Indicator name Equity ratio / Value 56.9 ％ / Year on year against the same period last year Down from 59.4% at the end of the previous fiscal year, Indicator name Free CF / Value ¥-846 million / Year on year against the same period last year Down ¥1,250 million year on year, Indicator name Ink business segment profit margin / Value 5.5 ％ / Year on year against the same period last year -0.1 percentage points, Indicator name Chemicals business segment profit margin / Value 5.5 ％ / Year on year against the same period last year +1.8 percentage points, Indicator name Processed products business segment profit margin / Value 13.3 ％ / Year on year against the same period last year +8.0 percentage points |
| Unit price and quantity metrics | The disclosed factors behind the change in revenue were sales price revisions of +¥2,289 million and sales volume of +¥111 million |
| Assumptions Underlying the Business Outlook | Higher raw material prices, higher imported raw material costs due to foreign exchange movements (yen depreciation), inflation, higher utilities and logistics costs, increased personnel expenses, and higher equipment maintenance costs, among others. Numerical assumptions: not disclosed |
| Financial targets | Full-year ROE forecast of 10.2% and actual equity ratio of 56.9% |
| Annual Dividend | ¥115 per share |
| Payout ratio | Dividend payout ratio of at least 40% or DOE of at least 1.0%; total payout ratio expected to be approximately 80% |
| Acquisition of treasury shares | Total amount of ¥1.2 billion; acquisitions are ongoing. Acquisitions totaled ¥480 million as of the end of October 2026. Number of shares and acquisition period: not disclosed |
| Market Size / Share | Market size and market share figures were not disclosed |
| New initiatives | Streamlining of low-profit contract-manufactured chemical products, Shift toward higher-value-added products, Rebuilding the production system, Strengthening of equipment maintenance, Human Capital Investment, Share repurchases and a dividend increase |
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsCapital expendituresOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Profitability for the first half exceeded expectations due to appropriate sales price revisions, expanded sales of high-value-added products and an improved product portfolio. For the second half, the company has factored in higher raw material prices, a review of sales prices and the backlash from demand being brought forward.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.